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Seabridge Gold Plans to Spin-Out 11.0 Million Ounce Courageous Lake Gold Project
TMX Newsfile· 2025-12-16 12:30
Core Viewpoint - Seabridge Gold Inc. plans to spin out its subsidiary Seabridge Gold (NWT) Inc., which will be renamed Valor Gold, to focus on the Courageous Lake Gold Project, allowing Seabridge to concentrate on its KSM project and other exploration assets [1][3] Group 1: Spin-Out Details - Valor Gold will own 100% of the Courageous Lake Gold Project and will focus on exploration, engineering, and permitting [1] - Shares of Valor Gold are expected to be distributed to Seabridge shareholders and listed on at least one major public stock exchange [1][9] - Seabridge management will oversee Courageous Lake until a dedicated team is established for Valor Gold [7] Group 2: Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with a total contained gold inventory of 11.0 million ounces in Measured and Indicated Resources and an additional 3.3 million ounces in the inferred category [2] - The project includes 2.8 million ounces of proven and probable reserves, making it one of the highest-grade open pit gold projects in Canada [2] Group 3: Financial Projections - At a gold price of US$2,500 per ounce, the after-tax NPV (5%) of Courageous Lake increases to US$1.1 billion, with an IRR of 38.2% and a payback period of 1.6 years [5] - The 2024 PFS indicates a mine life of 12.6 years, with total payable gold of 2.5 million ounces and an average annual payable gold of 201,000 ounces [13] Group 4: Future Plans - Valor Gold plans to conduct a targeted drill program to explore for satellite deposits similar to the Walsh Lake deposit, which could enhance the project's economics [8] - The spin-out is expected to be completed through a plan of arrangement under the Canada Business Corporations Act, with updates anticipated in Q1 2026 [9]
First Mining Announces Receipt of $6 Million in Proceeds from Warrants Exercise
Prnewswire· 2025-12-16 12:00
Core Points - First Mining Gold Corp. has received C$6,410,045 from First Majestic Silver Corp. through the exercise of 32,050,228 common share purchase warrants at a price of $0.20 per warrant [1][2] - The proceeds will be used to advance the Springpole and Duparquet gold projects, as well as for general working capital and corporate purposes [2] - Following the warrant exercise, First Majestic's ownership in First Mining increases to 47,379,944 common shares, representing 3.5% of the total common shares outstanding [2] Company Overview - First Mining Gold Corp. is advancing two major gold projects in Canada: the Springpole Gold Project in Ontario, which is currently undergoing a feasibility study and permitting activities, and the Duparquet Gold Project in Quebec, which is at the PEA stage [3] - The company also owns the Cameron Gold Project in Ontario and holds a 30% interest in the Pickle Crow Gold Project [3] - First Mining was established in 2015 by Keith Neumeyer, who is also the founding President and CEO of First Majestic Silver Corp. [4]
TDG Gold Delivers Transformational 2025 and Advances 2026 Growth Strategy with a Strong Treasury
Globenewswire· 2025-12-16 12:00
Core Insights - TDG Gold Corp. has achieved significant operational, financial, and exploration milestones in 2025, setting a strong foundation for growth in 2026 [1][2][18] Group 1: Operational and Financial Achievements - The company experienced over 600% year-over-year appreciation in share price, reflecting increased investor recognition of its exploration success and asset expansion [3] - Key achievements included the discovery at Aurora West and the strategic acquisition of the Anyox Copper Project, which enhanced the company's asset quality and market profile [2][6] - TDG executed an aggressive exploration campaign with up to five drill rigs operating concurrently, and expects to enter 2026 with a treasury exceeding C$20 million [7][18] Group 2: Aurora West Discovery - The Aurora West discovery involved the identification of gold-silver-copper mineralization, with over 600 meters of continuous high-tenor mineralization outlined [4][5] - The Phase I drill program confirmed a meaningful extension of the mineralized system onto TDG's ground, with 22 drill holes totaling approximately 14,400 meters completed [8] - Significant drill results included an intercept of 1.38 grams per tonne Au, 0.27% Cu, and 1.6 g/t Ag over 201.0 meters, located just 200 meters south of the company's tenure [9] Group 3: Anyox Project Development - The Anyox Copper Project acquisition provides exposure to a historically high-grade copper district with limited modern exploration since 1936 [6][14] - In 2025, TDG conducted a deep-penetrating surface geophysical survey at the Hidden Creek Mine, identifying new anomalies at depth [15] - Drilling of high-priority targets at Anyox is scheduled to commence in January 2026, with an initial program of approximately 3,000 meters planned [17] Group 4: Strategic Growth Plans for 2026 - The company plans to accelerate growth at the Shasta Deposit, which currently hosts indicated resources of 515.8 thousand ounces of gold equivalent at an average grade of 1.35 g/t AuEq [12][13] - The Shasta project is part of a broader strategy to expand resources within the Greater Shasta-Newberry Project, which has numerous untested near-surface targets [12][18] - TDG's strategy remains focused on disciplined capital deployment and systematic exploration to unlock the full potential of its gold and copper portfolio [18]
West Point Gold Announces Proceeds of $3.0 Million from Warrant Exercises; Expands Ongoing Drill Program at Gold Chain to 15,000m by Adding a Second Drill Rig
TMX Newsfile· 2025-12-16 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to provide an update on recent warrant exercises and announce the expansion of its drill program to 15,000 metres (m) by adding a second drill rig.Highlights of this Release:Since September 30, 2025, a total of 6,271,071 warrants have been exercised for proceeds of C$3.0 million.As at December 15, 2025, the Company's cash balance is ...
Paramount Gold Expects to Receive Final Federal Approvals in January 2026 for its High Grade Grassy Mountain Gold Project and Provides Corporate Update on 2025 Achievements
Globenewswire· 2025-12-16 12:00
Core Viewpoint - Paramount Gold Nevada Corp. is progressing towards final approvals for the Grassy Mountain Gold Project, with the final Environmental Impact Statement and Record of Decision expected in January 2026, despite minor delays due to the U.S. Federal government shutdown and holiday season [1][2]. Project Updates - The Grassy Mountain Gold Project is the first mining project of its kind seeking approval in Oregon, and it has made significant permitting milestones in 2025, including acceptance into the federal FAST-41 program and the issuance of the Draft Environmental Impact Statement [2][3]. - The Oregon Department of Geology and Mineral Industries released a draft consolidated permit package on December 8, 2025, with a public hearing scheduled for January 29, 2026, and final state permits expected in late Q1 or early Q2 of 2026 [4]. - Local permitting has also progressed, with Malheur County granting two-year extensions for the Conditional Use Permit and Sage Grouse Permit [4]. Feasibility Study and Economic Outlook - Ausenco Engineering Canada Inc. has been engaged to update the feasibility study for the Grassy Mountain project, which is expected to be completed in the first half of 2026 and will reflect improved project economics due to higher metal prices [2][3]. Stakeholder Engagement - The company has maintained strong engagement with regulators, stakeholders, and communities throughout the year, positioning itself for major milestones in 2026, including final state and federal approvals [5]. Additional Opportunities - With rising gold prices and improved visibility on permitting, the company is evaluating opportunities at its Sleeper Gold Project in Nevada to create additional shareholder value, believing there is substantial heap leachable resource potential [6].
Tier One Silver Extends Community Partnership at Curibaya and Prepares for Next Phase of Drilling and Exploration
TMX Newsfile· 2025-12-16 12:00
Core Viewpoint - Tier One Silver Inc. has renewed its social access agreement with the Chipispaya community for its Curibaya project in Peru, which is crucial for advancing exploration and drilling activities [1][2]. Group 1: Agreement and Community Engagement - The renewed social access agreement is effective until June 11, 2026, and can be extended with community assembly approval [1]. - The company has committed to supporting local employment and training initiatives as part of the agreement [1]. Group 2: Exploration Potential - The Curibaya project spans 17,000 hectares and is located on a prolific copper porphyry belt, showcasing high-grade silver, gold, and copper exploration potential [2]. - Six distinct high-grade silver-gold mineralized corridors and a compelling copper porphyry target have been identified, although only a small portion of the property has been explored [2]. - The next drilling campaign is planned to start in Q1 2026, focusing on expanding the highest-priority silver-gold target in the Cambaya area [2]. Group 3: Company Overview - Tier One Silver is focused on discovering world-class silver, gold, and copper deposits in South America, with a strong track record in capital raising and exploration success [3]. - The company is also reviewing other resource projects in South America to build a pipeline of prospects for future exploration [3].
Onyx Gold Returns 194 m of 1.8 g/t Au at Argus North, Including 28 m of 3.0 g/t Au and 24.1 m of 3.7 g/t Au
TMX Newsfile· 2025-12-16 12:00
Core Insights - Onyx Gold Corp. has reported additional drill results from its ongoing program at the Munro-Croesus Project, indicating significant gold mineralization at both the Argus North and Argus Main Zones [1][5][6] Argus North Zone - Drill hole MC25-233 returned 194.0 meters grading 1.8 grams per tonne (g/t) gold, including sub-intervals of 28.0 meters grading 3.0 g/t and 24.1 meters grading 3.7 g/t [3][8] - The results from MC25-233 reinforce the concept of northeast-southwest structural controls on higher-grade gold distribution and extend the mineralization previously identified in hole MC24-233 [3][10] - The mineralization at Argus North has been traced from surface to over 400 meters depth and remains open in several directions, indicating potential for further expansion [5][10] Argus Main Zone - The Argus Main Zone has demonstrated broad near-surface gold mineralization over a strike length of 200 meters, with significant grades reported, including 66.6 meters grading 0.4 g/t in drill hole MC25-211 [27][30] - Ongoing drilling at Argus Main continues to confirm the presence of consistent gold grades and highlights the potential for higher-grade structural controls within a bulk-tonnage system [5][28] - The Argus Main Zone remains open along strike, down-dip, and down-plunge, with further drilling expected to enhance grade and continuity [28][30] Project Overview - The Munro-Croesus Project covers 109 square kilometers in the Abitibi greenstone belt, a region known for its high-grade gold deposits [33][34] - The project includes the historic Croesus Gold Mine and has seen extensive land consolidation from 2020 to 2025, enhancing its exploration potential [33][34] - Onyx Gold Corp. is well-funded with approximately $30 million in treasury to advance its exploration programs in 2026 [13]
OTC Markets Group Welcomes 1911 Gold Corporation to OTCQX
Globenewswire· 2025-12-16 12:00
Core Viewpoint - 1911 Gold Corporation has successfully upgraded to the OTCQX Best Market, enhancing its visibility and credibility among U.S. investors as it progresses towards a mine restart in 2027 [1][4]. Company Overview - 1911 Gold Corporation is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project located in the Archean Rice Lake Greenstone Belt in Manitoba, Canada [5]. - The company controls a substantial land package of approximately 62,000 hectares, which includes several past-producing gold operations within trucking distance of the True North mine and mill complex [5]. - The strategy involves building a district-scale gold mining operation supported by centralized and expandable infrastructure, aiming for a socially and environmentally responsible long-term mining operation with minimal development risk [5]. Market Position - The OTCQX Market is designed for established, investor-focused companies, requiring them to meet high financial standards and adhere to best practice corporate governance [3]. - Graduating to the OTCQX Market from the OTCQB Venture Market is a significant milestone for companies, allowing them to demonstrate qualifications and increase visibility among U.S. investors [3]. Future Outlook - The company aims to restart operations at the True North Gold Project in 2027, presenting a unique near-term production opportunity with significant exploration potential [5]. - The President & CEO of 1911 Gold expressed optimism about the upgrade to OTCQX, highlighting the opportunity for investors to engage in the company's growth story [4]. Community Engagement - 1911 Gold's operations are located within the First Nation communities of the Hollow Water First Nation and the Black River First Nation, and the company is committed to maintaining open and respectful communication with local communities and stakeholders [6].
Exploits Reports up to 48.4 g/t Gold from Surface Grab Samples; Fully-Permitted Drill Program at Fenton, Quebec
TMX Newsfile· 2025-12-16 12:00
Core Insights - Exploits Discovery Corp. has reported positive results from its Phase 1 exploration program at the Fenton gold project in Québec, confirming high-grade gold at surface and identifying multiple drill-ready targets [2][4][10] Exploration Results - The Phase 1 field program confirmed high-grade gold mineralization at surface, with selected grab samples returning assays up to 48.4 g/t Au from massive sulphides, and additional high-grade values in the 9-16 g/t Au range [4][7] - A detailed review of historic drill core revealed high-grade resampled core returning up to 49.0 g/t Au over 0.51 m, confirming the presence of high-grade gold [7][9] - Integration of new fieldwork with historical drilling and electromagnetic data has outlined multiple untested EM conductors and sulphide horizons, indicating potential for additional high-grade gold shoots [7][21] Upcoming Drilling Plans - The company has secured necessary permits and plans to commence a 3,000-5,000 metre diamond drill program in mid-January 2026, targeting step-outs and new EM-based targets around the historical footprint [10][11] - The drilling program will include systematic sampling of sulphide-rich zones and detailed mapping of key structures [11][12] Historical Resource Context - The Fenton project has a historical mineral resource estimate of 63,885 oz Au, which is considered relevant but uncertain due to limited verification and incomplete sampling [2][13] - The historical estimate predates NI 43-101 and cannot be compared to CIM standards, necessitating further work for classification as current [13] Company Overview - Exploits Discovery Corp. is focused on advancing high-grade gold projects in Québec and Ontario, with a commitment to disciplined capital allocation and systematic exploration [17]
Select Asset Updates and C$43.9 Million of Recent Share Repurchases Under the Normal Course Issuer Bid
Globenewswire· 2025-12-16 12:00
Core Insights - OR Royalties Inc. has reported positive developments across its portfolio, highlighting the upcoming production from Dalgaranga and advancements in other projects like Cascabel, Marimaca MOD, and Spring Valley [2][4] - The company believes that the current share price does not reflect the underlying value of its assets, prompting active share repurchases [4] - Significant exploration results from TDG Gold's AuWEST Project and Benz Mining's Glenburgh Gold Project indicate strong potential in advanced exploration assets [3] Dalgaranga (Operated by Ramelius Resources Ltd.) - Ramelius announced a Pre-Feasibility Study (PFS) for the Never Never deposit, which includes a processing plant upgrade to 5 million tonnes per annum, enhancing production and reducing costs [5] - The Maiden Probable Ore Reserve at Never Never is 7.0 million tonnes at 7.3 g/t Au, equating to 1.6 million ounces of gold [9] - OR Royalties holds a 1.44% gross revenue royalty on Dalgaranga [7] Cascabel (Operated by SolGold plc) - Jiangxi Copper Company Limited made a revised cash offer for SolGold at 28 pence per share, valuing the company at approximately £842 million ($1.1 billion) [8][10] - OR Royalties owns a 0.6% net smelter return (NSR) royalty on the Cascabel property and a 6% gold stream until 225,000 ounces of gold are delivered [11][12] Marimaca MOD (Operated by Marimaca Copper Corp.) - Marimaca received formal environmental approval (RCA) for its Marimaca Oxide Project, moving closer to construction readiness [15][16] - OR Royalties holds a 1% NSR royalty on Marimaca's MOD covering all known resources [17] Spring Valley (Operated by Solidus Resources, LLC) - Solidus announced a definitive Precious Metals Purchase Agreement with Wheaton Precious Metals, fully funding the Spring Valley project [18][19] - The feasibility study projects over 300,000 ounces of gold production per year for a mine life exceeding 10 years [20] - OR Royalties owns a 2.5% to 3.0% NSR royalty on the core of the Spring Valley deposit [21] Windfall (Operated by Gold Fields Ltd.) - Gold Fields updated the project timeline, with plant commissioning expected in the second half of 2028 and first gold production anticipated in the first half of 2029 [22][23] - OR Royalties holds a 2.0-3.0% NSR royalty on the Windfall project [25] Altar (Operated by Aldebaran Resources Inc.) - Aldebaran released a Preliminary Economic Assessment (PEA) for the Altar project, indicating a mine life of 48 years with significant copper and gold production [26][27] - OR Royalties owns a 1.0% NSR royalty on the majority of the Altar project [29] Shaakichiuwaanaan (Operated by PMET Resources Inc.) - PMET announced a lithium-only feasibility study for the Shaakichiuwaanaan property, confirming its potential as a top spodumene concentrate producer [30][32] - OR Royalties holds a sliding scale NSR royalty of 1.5-3.5% on precious metals and 2.0% on lithium at Shaakichiuwaanaan [35] AuWEST (Operated by TDG Gold Corp.) - TDG reported positive assay results from its exploratory drilling program at the Aurora West target, indicating strong mineralization [36][37] - OR Royalties owns a 1.0% NSR royalty on AuWEST and the broader GSN project [38] Glenburgh (Operated by Benz Mining Corp.) - Benz reported significant discoveries at the Glenburgh Gold Project, with high-grade mineralization confirmed in multiple lenses [39][40] - OR Royalties owns a 1.08% gross revenue royalty on Glenburgh [41]